Here are comparative balance sheets for Migitsu Company. Prepare a statement of cash flows-indirect method. MIGITSU COMPANY Comparative Balance Sheets December 31 Assets 2022 Cash $ 73,000 Accounts receivable 87,000 Inventories 170,000 Land 72,000 Equipment 260,000 Accumulated depreciation (66,000) Total $596,000 Liabilities and Stockholders' Equity Accounts payable $ 37,000 Bonds payable 150,000 Common stock ($1 par) 216,000 Retained earnings 193,000 Total $596,000 2021 $ 22,000 76,000 191,000 100,000 200,000 (32,000) $557,000 $ 47,000 210,000 174,000 126,000 $557,000 Additional information: 1. Net income for 2022 was $100,000. 2. Cash dividends of $33,000 were declared and paid. 3. Bonds payable amounting to $60,000 were redeemed for cash $60,000. 4. Common stock was issued for $42,000 cash. 5. Equipment that cost $50,000 and had a book value of $30,000 was sold for $36,000 during 2014; land was sold at cost